The Government is sticking stringently to its position that there is no conflict between insolvency law and employment law. However, as we reported just last month, insolvency insiders, such as the trade body R3, still believe the current regulations lack…
The government’s decision to remove no-win, no-fee legal funding arrangements for creditors of an insolvent company is set to take £500m out of the hands of honest businesses and put it into the pockets of rogue directors. The insolvent company…
Trade insurers have warned of an increased risk of retailers insolvency for high street retailers after a difficult run-up to Christmas and the continuing mild weather. The prognosis looks particularly bleak for the saturated female fashion sector. The Christmas period…
Paying a dividend has always been one of the most tax efficient ways of taking money out of a limited company, but new dividend tax changes introduced in the summer Budget will result in higher taxes for limited company shareholders…
Despite the economic recovery, which has seen compulsory liquidations hit their lowest levels since 1989, research from a leading alternative finance provider has found that the number of UK SMEs receiving late payments is continuing to rise. And that’s despite…
The government’s own call for evidence on consulting on insolvent redundancy cases has been criticised by the insolvency trade body R3. The organisation says the government has failed to find a ‘workable solution’ after the call for evidence was launched…
Research carried out by BDRC Continental, an award-winning insight agency, has found that more and more ‘zombie businesses’ have turned their fortunes around and are now back from the dead. What is a Zombie company? In essence, a zombie company…
Directors of limited companies, both executive and non-executive, have a fiduciary duty and a duty of care to the company and its stakeholders. Directors who fail to meet these legal obligations and subsequently insolvently liquidate or are compulsory liquidated could…
Corporate insolvency statistics for the third quarter (July to September) of 2015 make good reading for the vast majority of industry sectors, with the number of company insolvencies in England and Wales continuing to fall. An estimated total of 3,539…
In the last week the final stage of the government’s pre-pack administration reforms has been announced, which includes the introduction of a pool of business experts to review pre-packs when connected parties are involved. Although there are relatively few pre-packs…
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